FW: [Maybank] Cautious of UST Yields Extending Pace of Rise

 

 

Cautious of UST Yields Extending Pace of Rise Global Markets Daily by Saktiandi Supaat FX Research Appetite for risk assets was curtailed overnight as rapid rise in UST yield dampened sentiment. Better than expected US data catalysed the rise of UST yields further, with 10Y yield rising above 3.09% (near 7-year high) at one point before easing off slightly while USD strength was seen broadly across most currencies. INR, EUR, NZD were amongst some of the currencies at the mercy of USD strength while gold fell below $1,300. US IP data will be in focus tonight. Downside surprise could slow ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.